Zillow Advice: Selling Process - Buyer demanding money for repairs three months after sale http://www.zillow.com/advice-thread/Buyer-demanding-money-for-repairs-three-months-after-sale/510990/ Zillow Advice | Zillow Real Estate The buyers knew the problem ... http://www.zillow.com/advice-thread/Buyer-demanding-money-for-repairs-three-months-after-sale/510990/ The buyers knew the problem - requested a lower price plus a concession towards future repairs.&nbsp; It is documented that the negotiation took place aside from the initial price negotiation.<br/><br/>Don't answer any correspondence you receive from them or take their phone calls.&nbsp; Don't put anything additional in writing.<br/><br/>If they continue to harass you or attempt to sue you make sure you engage an attorney who specializes in real estate. Tue, 17 Sep 2013 01:24:00 GMT http://www.zillow.com/advice-thread/Buyer-demanding-money-for-repairs-three-months-after-sale/510990/ 2013-09-17T01:24:00Z From what you wrote, you ... http://www.zillow.com/advice-thread/Buyer-demanding-money-for-repairs-three-months-after-sale/510990/ From what you wrote, you disclosed the problem, an inspection by a licensed plumber was made and problem diagnosed. Then you made allowances in the price and did everything you could. The buyers made the final decision to go ahead with the purchase with full disclosure. You are not plumbers, nor are the buyers so a licensed plumber was brought in.<br/><br/>Perhaps the plumber was in error about damage and costs. Maybe they should take that up with him.<br/><br/>Be sure to keep all the documentation from your sale in case the buyers decide to go to small claims court or seek other legal remedy. Courts love documentation. Mon, 23 Sep 2013 19:54:00 GMT http://www.zillow.com/advice-thread/Buyer-demanding-money-for-repairs-three-months-after-sale/510990/ 2013-09-23T19:54:00Z Thanks for all the replies. ... http://www.zillow.com/advice-thread/Buyer-demanding-money-for-repairs-three-months-after-sale/510990/ Thanks for all the replies. After reading them, I am confident that we, the sellers, did everything we could to help the buyers make an informed decision. Once the problem was clearly identified by a professional of their choosing (and it was a big problem), I feel that the burden was no longer mine; It was up to the potential buyers to do their homework (including gathering bids/estimates on the repairs) and then make an educated &nbsp;decision whether to continue or cancel the deal. I acted in good faith by reducing the price of the home to an amount I felt was fair, but I obviously had no idea what the final cost of repairs would be (and it wasn't my job to find out anyway). In the end, the difference was just over $1,000. Not chump change to most people, but not an overly exorbitant amount either.&nbsp;<br/><br/>The lesson here is pretty clear: If you find a problem with the house you want to buy, DO YOUR HOMEWORK. Get repair bids/estimates, do your research, THEN make your decision. Make sure you read and are aware of EVERYTHING you are signing off on during the home buying process. It's my opinion that this person left those duties to their significant other and is now completely uninformed about the purchase that was made. Case in point: I asked this person point blank if they had read the plumber's report, and the answer was "no." &nbsp; Mon, 23 Sep 2013 19:37:00 GMT http://www.zillow.com/advice-thread/Buyer-demanding-money-for-repairs-three-months-after-sale/510990/ 2013-09-23T19:37:00Z If Everything is documented ... http://www.zillow.com/advice-thread/Buyer-demanding-money-for-repairs-three-months-after-sale/510990/ If Everything is documented at closing and buyers agreed you should be clear since everything was disclose and buyer had opportunity to do home inspection and back out before closing &nbsp;if they didn't like the terms. But they chose to accept the terms. So&nbsp;it should be over.&nbsp; Mon, 23 Sep 2013 00:02:00 GMT http://www.zillow.com/advice-thread/Buyer-demanding-money-for-repairs-three-months-after-sale/510990/ 2013-09-23T00:02:00Z you don't mention how much ... http://www.zillow.com/advice-thread/Buyer-demanding-money-for-repairs-three-months-after-sale/510990/ you don't mention how much the buyer is looking for?&nbsp; ... Although this is most likely a frivolous lawsuit should that happen, it may cost you more in legal cost to defend... it never hurts to listen, don't make any promises... if you need an intermediary, have your agent put a letter over to their agent... cooler heads may prevail Sun, 22 Sep 2013 18:47:00 GMT http://www.zillow.com/advice-thread/Buyer-demanding-money-for-repairs-three-months-after-sale/510990/ 2013-09-22T18:47:00Z You've heard it from the ... http://www.zillow.com/advice-thread/Buyer-demanding-money-for-repairs-three-months-after-sale/510990/ You've heard it from the group... You disclosed all known issues so you SHOULD be safe. Hold your ground but be ready to call in an attorney. Fri, 20 Sep 2013 20:33:00 GMT http://www.zillow.com/advice-thread/Buyer-demanding-money-for-repairs-three-months-after-sale/510990/ 2013-09-20T20:33:00Z It sounds like you fully ... http://www.zillow.com/advice-thread/Buyer-demanding-money-for-repairs-three-months-after-sale/510990/ It sounds like you fully disclosed the issue, the buyer was aware and pursued inspections that resulted in a credit, you seem to be firmly in the right on the issue. It might not hurt to line up an attorney just in case, but I would wait and see if they actually file suit before paying for a consultation. Fri, 20 Sep 2013 17:22:00 GMT http://www.zillow.com/advice-thread/Buyer-demanding-money-for-repairs-three-months-after-sale/510990/ 2013-09-20T17:22:00Z There was full disclosure ... http://www.zillow.com/advice-thread/Buyer-demanding-money-for-repairs-three-months-after-sale/510990/ There was full disclosure on your part. The buyers did their due diligence as well. You should not be responsible for any cost associated with this plumbing problem. The good thing is you had the buyers sign an as is addendum and on top of that you lowered your price to reflect, what their contractor stated. If the problem further persist contact a local attorney and document all actions in writing. Hope this helps.<br/><br/><br/>Trey Fri, 20 Sep 2013 16:54:00 GMT http://www.zillow.com/advice-thread/Buyer-demanding-money-for-repairs-three-months-after-sale/510990/ 2013-09-20T16:54:00Z You definitely did all the ... http://www.zillow.com/advice-thread/Buyer-demanding-money-for-repairs-three-months-after-sale/510990/ You definitely did all the right things in this transaction. &nbsp;What I found interesting is that the buyers opted to get their own plumber, whom I assume came up with a price to fix the issue. They must have brought you an estimate of how much it would be- how else did you come to a figure to accept less than the agreed upon price?<br/> Fri, 20 Sep 2013 15:37:00 GMT http://www.zillow.com/advice-thread/Buyer-demanding-money-for-repairs-three-months-after-sale/510990/ 2013-09-20T15:37:00Z I should further note that ... http://www.zillow.com/advice-thread/Buyer-demanding-money-for-repairs-three-months-after-sale/510990/ I should further note that the total price reduction was $2,500. And to the best of my knowledge, the buyers did not get any bids on the repair work.&nbsp; Fri, 20 Sep 2013 15:19:00 GMT http://www.zillow.com/advice-thread/Buyer-demanding-money-for-repairs-three-months-after-sale/510990/ 2013-09-20T15:19:00Z